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Aid to Societies and NGOs by MDC

New Delhi, Aug 11: The lending schemes of National Minorities Development and Finance Corporation (NMDFC), a central public sector enterprise under the Ministry of Minority Affairs, are implemented for the socio-economic development of the minorities through the State Channelising Agencies (SCAs) nominated by the respective State Governments/UT Administration.

The lending schemes include Term Loan, Micro-finance and Educational Loan. Under Micro-Finance scheme, SCAs may avail the services of any NGO. During the year 2014-15, NMDFC had disbursed total amount of Rs.431.20 crore for 1,08,752 beneficiaries under its schemes through the SCAs only. No loan was disbursed through the societies and NGOs during the year 2014-15.

The total yearly expenses of NMDFC including salaries and other expenses of the staff was Rs. 8.96 crore during 2014-15.

This information was given by Mukhtar Abbas Naqvi, the Minister of State for Minority Affairs in response to a written question in Rajya Sabha today. (INN)

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